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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

The cloud services sector is still dominated by Amazon and the other so-called “hyperscalers” — e.g. the Microsoft Azures, Google Cloud Platforms and IBM Clouds of the world. ” Friend and Flowers joined forces in 2015 to start Wasabi, when Friend was still the CEO of cloud backup company Carbonite. .

Storage 224
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Getting infrastructure right for generative AI

CIO

For generative AI, a stubborn fact is that it consumes very large quantities of compute cycles, data storage, network bandwidth, electrical power, and air conditioning. As CIOs respond to corporate mandates to “just do something” with genAI, many are launching cloud-based or on-premises initiatives. of AI storage in 2022 to 30.5%

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Simplify your storage management by leveraging a universal storage layer

CIO

In today’s IT landscape, organizations are confronted with the daunting task of managing complex and isolated multicloud infrastructures while being mindful of budget constraints and the need for rapid deployment—all against a backdrop of economic uncertainty and skills shortages.

Storage 167
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Zesty lands $75M for tech that adjusts cloud usage to save money

TechCrunch

Spending on the cloud shows no signs of slowing down. In the first quarter of 2021, corporate cloud services infrastructure investment increased to $41.8 According to a 2020 Statista survey, companies estimate that 30% of their cloud spend is ultimately wasted.

Cloud 243
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As AI scales, infrastructure challenges emerge

CIO

Organizations experimenting with gen AI typically set up enterprise-grade accounts with cloud-based services such as OpenAI’s ChatGPT or Anthropic’s Claude, and early field tests and productivity benefits may inspire them to look for more opportunities to deploy the technology. We have a rinse and repeat cycle.”

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Your IT infrastructure may be more outdated than you think

CIO

But in conflict with CEO fears, 90% of IT leaders are confident their IT infrastructure is best in class. Still, IT leaders have their own concerns: Only 39% feel their IT infrastructure is ready to manage future risks and disruptive forces. In tech, every tool, software, or system eventually becomes outdated,” he adds.

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Scale Computing secures $55M to help companies manage edge infrastructure

TechCrunch

Managing a fleet of edge devices across locations can be a burden on IT teams that lack the necessary infrastructure. Jeff Ready asserts that his company, Scale Computing , can help enterprises that aren’t sure where to start with edge computing via storage architecture and disaster recovery technologies.